Yahoo owns more than 40 per cent of Alibaba Group, the Chinese e-commerce company. Alibaba once owned all of Alipay, whose primary function is to facilitate activity on Taobao, Alibaba’s e ...

US internet company Yahoo has announced plans to spin off its prized stake in Chinese e-commerce platform Alibaba. The move includes setting up an independent company to sidestep paying a huge sum ...

As Yahoo announced a tax-free plan to distribute its $40-billion (U.S.) holding in the Chinese e-commerce company as a separate public firm, the Web portal issued a revenue forecast that fell ...